Exchange Capital Management Inc. Lowers Stake in Oracle Co. (NYSE:ORCL)

Exchange Capital Management Inc. reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,934 shares of the enterprise software provider’s stock after selling 170 shares during the quarter. Exchange Capital Management Inc.’s holdings in Oracle were worth $656,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ORCL. Twin Peaks Wealth Advisors LLC raised its holdings in shares of Oracle by 5.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 1,486 shares of the enterprise software provider’s stock valued at $248,000 after acquiring an additional 74 shares in the last quarter. Wrapmanager Inc. raised its holdings in shares of Oracle by 5.1% in the fourth quarter. Wrapmanager Inc. now owns 9,685 shares of the enterprise software provider’s stock valued at $1,614,000 after acquiring an additional 471 shares in the last quarter. Mengis Capital Management Inc. raised its holdings in shares of Oracle by 5.0% in the fourth quarter. Mengis Capital Management Inc. now owns 4,178 shares of the enterprise software provider’s stock valued at $696,000 after acquiring an additional 200 shares in the last quarter. CWS Financial Advisors LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $201,000. Finally, Prasad Wealth Partners LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $682,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Guggenheim boosted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a report on Friday, December 20th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Piper Sandler upped their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 0.9 %

Oracle stock opened at $168.51 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $109.79 and a 12 month high of $198.31. The stock’s 50 day simple moving average is $168.94 and its two-hundred day simple moving average is $168.12. The firm has a market cap of $471.31 billion, a PE ratio of 41.20, a P/E/G ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio is presently 39.12%.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.